10 results for tag: tax code


Tea Party Patriots Citizens Fund Weekly Report from Washington for 1/29/18

CALENDAR: The House will return Monday, and stay through Wednesday. Then House Republicans will go off to their annual retreat. The Senate will return Monday, and stay in session through Thursday. On Tuesday evening at 9 PM EDT, President Trump will deliver his first official State of the Union address. LAST WEEK ON THE HOUSE FLOOR: At 6:09 PM last Monday evening, the House voted on H.R. 195, the vehicle for the Continuing Resolution that had earlier that day passed the Senate. The CR passed, by a vote of 266-150, and was then sent to the President for his signature. And then they were done. THIS WEEK ON THE HOUSE FLOOR: It’s going ...

Manufacturers agree with President Trump: Tax reform is “rocket fuel” for the economy

President Trump’s historic tax plan has provided manufacturers with the ability to hire more workers and put more money back into the pockets of manufacturing workers. Real Clear Politics has the details: In the NAM’s latest quarterly Manufacturers’ Outlook Survey of our members, most respondents felt confident that tax reform would grow their businesses and help their workers. Sixty-three percent said comprehensive business tax reform would encourage their companies to spend more on their facilities and equipment, and 58 percent said they would expand their businesses. In addition, 54 percent said they would hire more workers, and ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 11/6/17

  CALENDAR: The House will return Monday, with first votes set for 6:30 PM. The House is scheduled to hold its last vote no later than 3 PM Thursday. The Senate also returns on Monday, with the first vote set for 5:30 PM. LAST WEEK ON THE HOUSE FLOOR: On Thursday, October 26, the House took up H.Con.Res. 71, establishing the congressional budget for the U.S. Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027. This was a vote on the Senate-passed budget resolution, and its passage meant that there was no need to go to conference to work out differences between the House-pas...

President Donald J. Trump: ‘Era of economic surrender is over’

President Donald J. Trump, since assuming office nine months ago, has removed job-killing regulations, and challenged lopsided international deals that suffocated the American economy. Optimism is returning but our economy can’t be fully unleashed unless we transform our burdensome tax code. President Trump has proposed a framework that will not only end America’s economic suffering but, under the new reforms, will create an economic situation favorable for job creation and allow families incomes to rise. In an op-ed for USA Today, President Trump laid out his vision for tax reform: American families should not have to send more money to the ...

Tea Party Patriots Citizens Fund Weekly Report from Washington for 10/23/17

CALENDAR: The House will return Monday, with first votes set for 6:30 PM. The House is scheduled to hold its last vote no later than 3 PM Thursday. The Senate also returns on Monday, with the first vote set for 5:30 PM. LAST WEEK ON THE HOUSE FLOOR: The House was in recess last week. THIS WEEK ON THE HOUSE FLOOR: The House will return Monday, and is scheduled to take up six bills on the Suspension Calendar. On Tuesday, the House is scheduled to take up three more bills under Suspension of the Rules. The House will also take up H.R. 732, the Stop Settlement Slush Fund Act of 2017. This is a very important piece of legislation. The bill would ...

Report: New GOP tax reform could increase average household income by $4,000 annually

According to recent study by President Trump’s Council of Economic Advisers, the GOP tax reform framework could increase household incomes for American families by thousands of dollars. The framework proposes cutting the corporate tax rate from 35 percent to 20 percent and reducing the number of tax brackets in the individual tax code from seven to three, which experts project would increase the take-home pay of hard-working Americans. The Daily Signal has the inside scoop: “Reducing the statutory federal corporate tax rate from 35 [percent] to 20 percent would … increase average household income in the United States by, very conservatively, ...

Jenny Beth’s Journal: The GOP’s tax reform proposal is just what America needs

President Trump and Republicans in Congress released a tax reform framework that experts say will simplify the system, lower Americans’ taxes and generate significant economic growth. How could one proposal accomplish so many important things? Jenny Beth explains in her column for the Hill: On the corporate side, it proposes to slash the rate from 35 percent to 20 percent, which would, overnight, make the U.S. a more attractive place for business investment from both home and abroad. And the plan proposes to cut the rate on so-called “pass through” income – the income generated by small businesses that file via their owners’ personal ...

Tea Party Patriots: Tax Reform Framework Will Lead to “Simpler, Flatter and Fairer” Tax System

Atlanta, GA – Tea Party Patriots President and co-founder Jenny Beth Martin released the following statement today, reacting to the tax reform framework released by the White House and Congressional Republicans. “Tea Party Patriots and our network of grassroots activists are excited by the framework President Trump and Republicans in Congress have released for top-to-bottom tax reform. After eight years of a stagnant economy under former President Obama that left too many American families behind, we are confident that fundamental tax reform will help Americans keep more of their hard-earned money, and will also foster an economic environment ...

Tax reform: A winning ticket for the American People

Congress is under a major time crunch to introduce a tax reform package before 2018 – that is, if they want to put a major legislative victory under their belts by the end of this year. Under the current tax code, the American people and small businesses are suffering and the economy is stagnant. A tax reform plan that would provide a simpler, flatter, and fairer system would not only increase economic opportunity but it would create higher-paying jobs. Forbes has the commentary: So, in the weeks ahead, a tax bill will emerge from Congress that will give America a chance to significantly improve our economic growth rates. We have had four major tax ...

Family of 7 fears fourth-generation cattle ranch will suffer under current tax code

The Elingson family is one of many families who fear losing their business if Congress does not pass significant tax reform that reduces their tax burden. In many cases, small family businesses, including local farms and ranches, are forced to sell equipment and parts of their family businesses to compensate for paying burdensome taxes, including the death tax. The Daily Signal has the Elingsons’ story:   Ellingson lives in the house and on the ranch where she was raised by her parents, as was her father, “so certainly our family business has been a legacy,” Ellingson said. That legacy is threatened, according to Ellingson, if comprehe...